Christian Super, a A$1.6 billion ($1.1 billion) superannuation fund, awarded an A$89 million Australian equities mandate to Ethical Partners Funds Management, a Christian Super spokeswoman confirmed Monday.
Christian Super and Ethical Partners are both based in Sydney.
The spokeswoman said in an email that Ethical Partners replaces another Australian equity manager in Christian Super's manager lineup. She declined to identify the terminated manager.
The super fund's annual report for the 12 months ended June 30, 2018 listed four managers for Australian shares: Ausbil Investment Management Ltd., Perpetual Investment Management Ltd., Tribeca Investment Partners and Yarra Capital Management Ltd.
In a news release Christian Super's CEO Ross Piper said his team selected Ethical Partners in pursuit of "solid investment returns while investing in ways that reflect the values of our members."
